Allows beneficiaries of certain deceased members to elect to receive death benefits in a lump sum

Summary

The bill amends New York’s retirement and social security law to let the nominated beneficiaries of eligible deceased members—such as police officers, firefighters, correction officers, investigators and sanitation workers—choose a one‑time cash payment. The lump‑sum amount is the greater of the pension reserve that would have existed if the member had retired on the date of death or the calculated death benefit (three times the member’s salary, subject to caps). This provides families with a flexible option for financial protection after a service‑related death.

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